Will Cetus Hack Push SUI Coin Price Crash Deeper or Rebound Soon?

Why is Sui Coin Price Crashing Today? Cetus Protocol Hacked News

The SUI coin price crash has shocked the crypto market today. The main reason behind this crash? Cetus hack, and over $11 million worth of tokens were stolen from the USDC pool. This major breach has raised big concerns about safety on the blockchain.

Source: Cetus Protocol 

The news came from their official X account, confirming the hack and saying they paused the smart contracts to protect users. So the community asking why is SUI crypto falling should now understand that traders got scared and started selling their tokens, which caused the crypto price to drop fast.

SUI Coin Price Falls Below Key Support: What Next?

Before the news about Cetus protocol hacked, the token price was around $4.19. But just a few hours later, it dropped to $3.90, a fall of nearly 7%. Right now, it's trading close to $3.92, which shows that traders are nervous.

Because of this sudden drop, trading activity jumped. The 24-hour volume went up by more than 172% to $3.41 billion, based on CoinMarketCap data. So if you’re wondering, “Why is SUI crypto falling?”—the reason is the Cetus hack hurt people’s trust and caused a quick sell-off.

Cetus Hacked News: A Major Blow to DeFi Layer

The reason this hack is such a big deal is that this Protocol is one of the most important DeFi apps on the official network. It had over $200 million locked and was connected to big platforms like Bitget and Phantom Wallets.

But the real shock came when Lookonchain confirmed the total stolen amount exceeded $260 million, in a post on X. 

Source: Lookonchain

This means not only was the breach massive, but the attacker also started laundering funds across chains, raising further red flags.

Technical Indicators Show Further Risk

If we look at the charts, the signs are not looking good. The MACD indicator shows a bearish signal, and the RSI has dropped to 61.76, which means buyers are losing power. Add in the panic-driven trading volume, and it looks like the coin price might keep falling unless the situation improves.

Source: TradingView

So if you’re still asking why is it crashing, the technical data and market mood both suggest that fear is still in control. 

SUI Token Price Prediction After Cetus Hack

Here’s what could happen to the crypto price in the short term, based on how the market is reacting:

• If fear stays strong, it might fall to the $3.40–$3.55 range.

• If panic gets worse, it could even go down to $3.00–$2.80.
  

• But if the team fixes things fast and traders feel confident again, it might recover to $4.10–$4.50. However, this recovery seems hard right now unless there’s strong action or positive news.

This is the current price prediction — a battle between fear and hope. The coin must hold above $3.85 and show some buying pressure to avoid dropping further. Until then, the mood remains cautious.

Final Take: Will It Recover?

The Cetus hack is a reminder that one attack can shake up a whole network. Unless the team gives a clear update with strong support, the SUI coin price may stay under pressure. Traders should watch the $3.40 support level and expect more ups and downs in the coming days.